MAG Silver Corp. (TSE:MAG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) have been given a consensus rating of “Moderate Buy” by the eight analysts that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$25.20.

A number of equities analysts have commented on MAG shares. TD Securities raised their price objective on MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. BMO Capital Markets upped their price objective on MAG Silver from C$24.00 to C$26.00 in a research note on Friday, October 25th. CIBC lifted their target price on shares of MAG Silver from C$25.00 to C$26.00 in a research report on Monday, December 2nd. Stifel Nicolaus boosted their target price on shares of MAG Silver from C$25.00 to C$25.50 in a report on Monday, November 25th. Finally, Roth Capital downgraded shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th.

MAG Silver Trading Up 0.4 %

Shares of MAG Silver stock opened at C$20.07 on Thursday. The stock has a market cap of C$2.07 billion, a P/E ratio of 25.41, a P/E/G ratio of 0.84 and a beta of 1.14. The company has a quick ratio of 25.31, a current ratio of 28.03 and a debt-to-equity ratio of 0.01. MAG Silver has a 12-month low of C$11.15 and a 12-month high of C$25.36. The business’s 50 day moving average is C$22.09 and its 200-day moving average is C$19.40.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings results on Tuesday, November 12th. The company reported C$0.30 EPS for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.02. Equities research analysts predict that MAG Silver will post 1.2235023 earnings per share for the current fiscal year.

Insider Transactions at MAG Silver

In other news, Director George Nickolas Paspalas sold 50,024 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of C$21.87, for a total value of C$1,094,099.92. 0.96% of the stock is owned by insiders.

About MAG Silver

MAG Silver Corp. develops and explores for precious metal properties in Canada. It explores for silver, gold, lead, copper, and zinc deposits. The company’s flagship property is the 44% owned Juanicipio property located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp. is headquartered in Vancouver, Canada.